• Anthony Martial celebrates with teammate Bruno Fernandes, who provided the Frenchman with the assist for Manchester United's opener in their game against Manchester City, the last in the Premier League before the coronavirus lockdown. United won 2-0. EPA
    Anthony Martial celebrates with teammate Bruno Fernandes, who provided the Frenchman with the assist for Manchester United's opener in their game against Manchester City, the last in the Premier League before the coronavirus lockdown. United won 2-0. EPA
  • Manchester United's Anthony Martial opens the scoring against Manchester City at Old Trafford. Reuters
    Manchester United's Anthony Martial opens the scoring against Manchester City at Old Trafford. Reuters
  • Anthony Martial celebrates. EPA
    Anthony Martial celebrates. EPA
  • Manchester City's Nicolas Otamendi in action with Manchester United's Bruno Fernandes. Reuters
    Manchester City's Nicolas Otamendi in action with Manchester United's Bruno Fernandes. Reuters
  • Manchester United's David de Gea clears the ball under pressure from Manchester City's Sergio Aguero. Reuters
    Manchester United's David de Gea clears the ball under pressure from Manchester City's Sergio Aguero. Reuters
  • Manchester United manager Ole Gunnar Solskjaer with their mascot before the match. Reuters
    Manchester United manager Ole Gunnar Solskjaer with their mascot before the match. Reuters
  • Manchester City defender Nicolas Otamendi remonstrates with the linesman. AFP
    Manchester City defender Nicolas Otamendi remonstrates with the linesman. AFP
  • Manchester United's Aaron Wan-Bissaka, right, in action with Manchester City's Bernardo Silva . Reuters
    Manchester United's Aaron Wan-Bissaka, right, in action with Manchester City's Bernardo Silva . Reuters
  • Manchester City's Raheem Sterling controls the ball. Reuters
    Manchester City's Raheem Sterling controls the ball. Reuters
  • Manchester City manager Pep Guardiola. Reuters
    Manchester City manager Pep Guardiola. Reuters
  • Manchester City's Sergio Aguero scores a goal before it is disallowed for offside on a VAR review. Reuters
    Manchester City's Sergio Aguero scores a goal before it is disallowed for offside on a VAR review. Reuters
  • A message on the shirt of Manchester City players' shirts. Reuters
    A message on the shirt of Manchester City players' shirts. Reuters
  • Manchester United's Anthony Martial attempts to chase down a clearance from Manchester City manager Ederson. Reuters
    Manchester United's Anthony Martial attempts to chase down a clearance from Manchester City manager Ederson. Reuters
  • Manchester City's Brazilian striker Gabriel Jesus replaces Sergio Aguero. AFP
    Manchester City's Brazilian striker Gabriel Jesus replaces Sergio Aguero. AFP
  • Manchester United midfielder Scott McTominayvies for the ball with Raheem Sterling. AFP
    Manchester United midfielder Scott McTominayvies for the ball with Raheem Sterling. AFP

Manchester United will pay non-playing staff in full during coronavirus crisis – but not through furlough scheme


Andy Mitten
  • English
  • Arabic

Manchester United’s executive vice chairman Ed Woodward has written to all the club’s 900 permanent staff explaining that they will not be furloughed and outlining how the club intend to help during the coronavirus pandemic.

United had already agreed to pay their 954 match-day casual staff until the end of the season and they are considering how to further support those employees.

All non-match day staff had their wages paid until the end of April. This has now been extended to until June 1 and they will receive an average weekly pay based on the hours they have worked between December and February.

Permanent staff have been reassured that the club will continue to pay their salaries as if they were working, be as flexible as possible to support those working from home and to pay a minimum of four weeks company sick pay at the full rate and four weeks half pay afterwards.

This is the latest initiative by United in football’s lockdown. Along with Manchester City, the club donated £50,000 (Dh226,000) to the Trussell Trust to support 19 food banks across Greater Manchester.

They also made goodwill payments of £350 to each of the 700 fans who bought tickets for the club’s last game, a Europa League match in Austria last month which was played behind closed doors.

United will also provide rebates or refunds to ticket-holders for any games that are cancelled or played behind closed doors.

They are currently ringing around 3,000 elderly Season Ticket holders who are in isolation to check on their well being.

The club are also having ongoing discussions with the NHS on the best way for the club to assist through donations of equipment, goods, use of facilities at Old Trafford, and volunteering by staff.

In an email sent to staff on Monday, Woodward wrote: “We have reviewed how we can best support all our colleagues within the Manchester United family.

"As you may know, the Coronavirus Job Retention Scheme has been created by the Government for companies to use.

"Currently, this extends through to 1 June, however, we can confirm that we will not be furloughing any staff as part of this scheme and we will be paying all our employees as if they were working as usual.

"We will continue to keep the situation under review and communicate with you if this were to change in any way in the future.

“For those colleagues who are unable to complete their normal roles, or have a reduced workload during this period, we strongly encourage you to volunteer – either with the NHS or in your local communities.

"The club is in active discussions about multiple ways for us to help the NHS and employee volunteering is one way for us to make a difference.

"As previously communicated, please let us know when you volunteer, so we can provide you with further support as required.”

UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE%20
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Profile of VoucherSkout

Date of launch: November 2016

Founder: David Tobias

Based: Jumeirah Lake Towers

Sector: Technology

Size: 18 employees

Stage: Embarking on a Series A round to raise $5 million in the first quarter of 2019 with a 20 per cent stake

Investors: Seed round was self-funded with “millions of dollars” 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

RESULTS

5pm: Maiden (PA) Dh80,000 1,600m
Winner: Omania, Saif Al Balushi (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Conditions (PA) Dh85,000 1,600m
Winner: Brehaan, Richard Mullen, Ana Mendez
6pm: Handicap (TB) Dh100,000 1,600m
Winner: Craving, Connor Beasley, Simon Crisford
6.30pm: The President’s Cup Prep (PA) Dh100,000 2,200m
Winner: Rmmas, Tadhg O’Shea, Jean de Roualle
7pm: Wathba Stallions Cup (PA) Dh70,000 1,200m
Winner: Dahess D’Arabie, Connor Beasley, Helal Al Alawi
7.30pm: Handicap (PA) Dh80,000 1,400m
Winner: Fertile De Croate, Sam Hitchcott, Ibrahim Aseel

EMERGENCY PHONE NUMBERS

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 
if you go

The flights

Emirates fly direct from Dubai to Houston, Texas, where United have direct flights to Managua. Alternatively, from October, Iberia will offer connections from Madrid, which can be reached by both Etihad from Abu Dhabi and Emirates from Dubai.

The trip

Geodyssey’s (Geodyssey.co.uk) 15-night Nicaragua Odyssey visits the colonial cities of Leon and Granada, lively country villages, the lake island of Ometepe and a stunning array of landscapes, with wildlife, history, creative crafts and more. From Dh18,500 per person, based on two sharing, including transfers and tours but excluding international flights. For more information, visit visitnicaragua.us.

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

'The worst thing you can eat'

Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.

Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines: 

Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.

Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.

Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.

Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.

Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.

THE%20STRANGERS'%20CASE
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The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet